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The vast majority (85%) of Chief Executive Officers (CEOs) in Romania plan to increase investment in digital transformation in the next three years, according to the CEO Survey 2021 conducted by PwC Romania.
Calin Tiplea has been appointed Chief Operating Officer of coffee shop chain 5 to go, starting August 2021.
Romania’s central bank expects the country’s economy to see a “significantly higher” growth rate in 2021 than the level previously projected, and in 2022, the economic growth is expected to remain robust, against the backdrop of quarterly rates only marginally weaker than previously projected, comparable to growths in pre-pandemic years, per the minutes of the monetary policy meeting.
The volume of lease transactions with logistics and industrial space reached a combined area of 360,000 square meters in the first half of 2021, higher by 21% compared to the same period of 2020, per data provided by real estate consulting firm Cushman & Wakefield Echinox.
Action, a Dutch discount retailer selling low budget food and non-food products, is looking at the Romanian market. To this end, the group has sent executives to look at shopping centers, retail parks and other projects under development on the local market, according to market sources.
Theta Furniture & More Interior, a provider of interior design services and furniture on demand, has announced the start of construction works on a new production facility, of 5,000 square meters, near capital Bucharest, where it will produce custom made furniture starting 2022.
Romania's gross domestic product grew 1.8% in real terms in the second quarter of 2021 compared with the first quarter of 2021, flash estimates from the country's statistics board INS showed Tuesday.
Finance Ministry reopened a bond issue due in 2029 and borrowed RON662.6 million from banks on Monday, double as much as it had set out to, an at annual yield of 3.63%.
Restart Energy One (REO26.RO), an independent electricity and natural gas supplier in Romania, has received a EUR21 million investment from US firm Tejas Capital in a private investment round valuing the company at EUR87.5 million.
Libra Internet Bank ended the first half with RON123.2 million net profit, an increase of 416% on the year-ago period, while total income went up 13.11% to RON186.3 million, the lender’s report to the Bucharest Stock Exchange shows.
Prefab Bucuresti (PREH.RO), a manufacturer of concrete products for construction, ended the first half with RON47.1 million revenue, an increase of 14% on the year-ago period and 50% higher net profit, RON7 million, its financial report published on the Bucharest Stock Exchange shows.
The volume of construction works increased as gross series by 6.1% in the first half, and by 10.1% in June on the year-ago month, National Statistics Institute data published on Monday show.
Almost $340 million worth of ‘Made in Romania’ shoes reached Italy in 2020, 25% less than in 2019, ZF has calculated from World Footwear data, a company that analyzes the industry of the world and of each country every year.
Natural gas producer and supplier Romgaz (SNG.RO), the largest state-run company listed on the Bucharest Stock Exchange, posted RON298 million net profit and RON923 million revenue in the second quarter of the year (April, May and June).
Poland’s SMYK All for Kids has 23 offline stores in Romania and will open two more by yearend. The retailer will also launch online operations in Romania. The expansion pace will increase in the next few years and the aim is to double the network that sells products for kids.
Romanian companies have conducted at least 15 deals abroad in the past four years, buying businesses in Mexico, Germany, Belgium and Republic of Moldova. They spent at least EUR600 million in the process, ZF has calculated from existing data.
National grid company Transelectrica (TEL.RO), ended the first half with RON104 million net profit, 10% lower than in the year-ago period.
Romania’s current account balance posted a EUR7.04 billion deficit in the first half, an increase of almost 74% on the EUR4.05 billion in January-June 2020, Romania’s central bank data published in Friday show.
Romania’s external debt increased by EUR2.09 billion to EUR128.02 billion in the first half, of which the external direct public debt accounted for EUR57.7 billion, an increase of EUR400 million on the end of last year, Romania’s central bank data published on Friday show.
Romania’s industrial production increased by 16% as gross series in the first half, because of rises in manufacturing (+17.8%) and the electricity, gas, steam and air conditioning supply (+12.9%), National Statistics Institute (INS) data show.19702 items